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SCI Shares Drop After Firm
Warns of Two Weak Quarters

Dow Jones Newswires

Updated Aug. 5, 1998 1:33 a.m. ET

HUNTSVILLE, Ala. -- Pricing pressure from Asian companies and weakening demand will put SCI Systems Inc. under a cloud in the first two quarters of fiscal 1999, industry analysts and a company executive said Tuesday.

On Monday, SCI, an electronic products and systems contract manufacturer, reported fiscal fourth-quarter earnings of 54 cents a diluted share, or $36.8 million, in line with a First Call consensus view from 17 analysts...